Affiance Financial LLC Buys 70 Shares of Costco Wholesale Co. (NASDAQ:COST)

Affiance Financial LLC grew its stake in Costco Wholesale Co. (NASDAQ:COST) by 12.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 651 shares of the retailer’s stock after purchasing an additional 70 shares during the quarter. Affiance Financial LLC’s holdings in Costco Wholesale were worth $578,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in COST. Armstrong Advisory Group Inc. grew its position in shares of Costco Wholesale by 14.2% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 1,004 shares of the retailer’s stock worth $890,000 after buying an additional 125 shares during the period. Sunflower Bank N.A. grew its position in shares of Costco Wholesale by 11.1% in the 3rd quarter. Sunflower Bank N.A. now owns 638 shares of the retailer’s stock worth $566,000 after buying an additional 64 shares during the period. Willner & Heller LLC grew its position in shares of Costco Wholesale by 28.5% in the 3rd quarter. Willner & Heller LLC now owns 568 shares of the retailer’s stock worth $503,000 after buying an additional 126 shares during the period. McGlone Suttner Wealth Management Inc. grew its position in shares of Costco Wholesale by 16.3% in the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 556 shares of the retailer’s stock worth $493,000 after buying an additional 78 shares during the period. Finally, Johnson Bixby & Associates LLC grew its position in shares of Costco Wholesale by 20.2% in the 3rd quarter. Johnson Bixby & Associates LLC now owns 566 shares of the retailer’s stock worth $501,000 after buying an additional 95 shares during the period. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Price Performance

NASDAQ COST opened at $889.03 on Monday. Costco Wholesale Co. has a 12 month low of $540.23 and a 12 month high of $923.83. The stock has a market cap of $394.14 billion, a price-to-earnings ratio of 55.08, a PEG ratio of 5.53 and a beta of 0.80. The company’s 50 day moving average is $882.80 and its two-hundred day moving average is $828.01. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, topping analysts’ consensus estimates of $5.05 by $0.10. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The company had revenue of $79.70 billion for the quarter, compared to analysts’ expectations of $79.91 billion. During the same quarter last year, the business earned $4.86 EPS. The firm’s revenue was up 1.0% compared to the same quarter last year. As a group, research analysts anticipate that Costco Wholesale Co. will post 17.73 earnings per share for the current year.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Claudine Adamo sold 3,200 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $888.99, for a total transaction of $2,844,768.00. Following the sale, the executive vice president now owns 8,630 shares in the company, valued at approximately $7,671,983.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Costco Wholesale news, EVP Claudine Adamo sold 3,200 shares of the stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $888.99, for a total transaction of $2,844,768.00. Following the completion of the sale, the executive vice president now directly owns 8,630 shares of the company’s stock, valued at $7,671,983.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Susan L. Decker sold 620 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total transaction of $543,430.00. Following the sale, the director now directly owns 11,775 shares of the company’s stock, valued at approximately $10,320,787.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,824 shares of company stock worth $4,260,493. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on COST shares. Truist Financial downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 target price on the stock. in a research report on Tuesday, September 24th. Barclays increased their price objective on shares of Costco Wholesale from $830.00 to $850.00 and gave the company an “equal weight” rating in a research report on Friday, September 27th. Bank of America increased their price objective on shares of Costco Wholesale from $874.00 to $962.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. The Goldman Sachs Group increased their price objective on shares of Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, TD Cowen increased their price objective on shares of Costco Wholesale from $925.00 to $975.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $886.74.

Costco Wholesale Profile

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.